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Zimmer Biomet Holdings, Inc.

ZBH Healthcare Medical Devices

Zimmer Biomet Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 7.20% from fiscal 2024.

Revenue
+3.07%
EPS
−13.5%
Free cash flow
+29.8%
Total debt
−7.50%

Quarter to September 2026, against a year earlier

106.56 0.29 −0.27%
Market cap
$20.4B
P/E
26.9×
Fwd P/E
18.9×
Dividend yield
0.90%
F-score
6/9
Altman Z
2.38
Beneish M
−2.59
Dividend safety
72/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Zimmer Biomet Holdings, Inc. (ZBH) Debt to equity

Alert me on Debt to equity

Zimmer Biomet Holdings, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.6×, down 0.0× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.5× (fiscal 2023) to 1.2× (fiscal 2015); the current reading is higher than 45% of that period. That is above the Medical Devices industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× 19.00%
FY2024 0.5× 7.66%
FY2023 0.5× (2.47%)
FY2022 0.5× (15.14%)
FY2021 0.6× (16.21%)
FY2020 0.7× 0.41%
FY2019 0.7× (16.31%)
FY2018 0.8× (8.28%)
FY2017 0.9× (25.65%)
FY2016 1.2× (0.01%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× (0.39%)
Jun 2026 0.6× 0.49%
Mar 2026 0.6× (0.46%)
Dec 2025 0.6× (6.88%)
43 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 0.7×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
GMED Globus Medical, Inc. compare 0.0×
PEN Penumbra, Inc. compare 0.0×
GKOS Glaukos Corporation compare 0.1×
STE STERIS plc compare 0.3×
DXCM DexCom, Inc. compare 0.5×
ZBH Zimmer Biomet Holdings, Inc. 0.6×
PHG Koninklijke Philips N.V. compare 0.6×
PODD Insulet Corporation compare 0.6×
SNN Smith & Nephew SNATS, Inc. compare 0.6×
Medical Devices industry median 0.0×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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